Property Summary: 155 Prairie Spring Bay, Winnipeg
Section 1: Key Characteristics & Appeal
This one-storey home in Inkster Gardens is a study in contrasts, offering a very modern build on a well-sized lot. Built in 2019, it is a notably newer property compared to most homes in its neighborhood and across Winnipeg. The 1,363 sqft living space is functional, though it sits below the average for its immediate street. Its significant appeal lies in its above-average assessed value for the area, suggesting strong investment in the structure itself, and its generous 4,672 sqft lot which is larger than many on the same bay.
The property suits practical buyers looking for a modern, low-maintenance home without sacrificing yard space. It’s ideal for those who value a newer build (with presumably fewer immediate repair concerns) over sheer square footage, and for investors or owners who appreciate that its valuation stands out positively in the wider community context. The attached garage and full basement add functional utility. A thoughtful perspective is that this home represents an opportunity in a neighborhood where newer builds are rare, potentially offering a balance of contemporary comforts within a more established community setting.
Section 2: Frequently Asked Questions
1. Is this a good value compared to the neighborhood?
The data suggests it is. While the living area is modest for the street, the home’s assessed value is significantly above average for Inkster Gardens, ranking in the top 26%. This indicates that for its location, the property is considered highly valuable, likely due to its new construction year and condition.
2. What does the sold price history tell us?
The home has sold twice in recent years (2020 and 2022). The increase in sold price range between those sales aligns with its above-average assessed value trajectory, showing a pattern of solid value retention and growth within its market segment.
3. How does the lot size compare?
The land area of 4,672 sqft is a strong feature. It is above average for Prairie Spring Bay itself, offering more outdoor space than many of its direct neighbors, which is a notable advantage for a newer home.
4. Who might this home not suit?
Buyers prioritizing expansive interior living space above all else may find the floor plan compact compared to other homes on the street. It may also not suit those seeking a historic character home, as its 2019 build date makes it one of the newest in a wide area.
5. Why is the assessed value so much higher than the city-wide average?
This is a key point of context. The "city-wide average" assessed value figure shown includes all property types across Winnipeg. For direct comparison, look to the "Inkster Gardens" and "Same street" metrics. There, the home's assessment is consistently above average, confirming its strong relative value within its actual peer group.